Lai Chau approves gold and silver mining project

The Lai Chau Province People's Committee has approved an investment policy for a gold and silver ore mining and processing project in the Nam Kha A area, covering Mu Ca and Muong Te communes. The project, led by Sao Phuong Bac Mineral JSC, involves an estimated 468,000 tons of ore containing 1,584 kg of gold and 5,132 kg of silver.

The approved mining plan targets 409,896 tons of raw ore, which is expected to yield approximately 1,383.7 kg of gold and 4,613.5 kg of silver. After processing, the project aims to produce 1,247.3 kg of gold and 3,898.6 kg of silver with a purity level exceeding 99.9%.

With a total investment of 422.5 billion VND and a land area of 126 hectares, the project has a design capacity of 17,000 tons of raw ore per year for both mining and processing. The project is scheduled to break ground in the first quarter of 2028, with completion expected in the second quarter of 2029. The total lifespan of the project is estimated at 27 years, including two years for construction and 25 years of production.